U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 09-15-2009, 10:24 PM
 
23,941 posts, read 16,155,700 times
Reputation: 8884

Advertisements

What is revealing is not the rate increases themselves, but the reasons given.

Oregon, like many states, is facing double digit increases in health insurance costs this year. The glaring abnormality however, is not the increases themselves, but the reasons given for the inflation. From the explanations it is fairly obvious that competition and the free market are not "alive and well" in the medical insurance industry.

http://nolanchart.com/article/chart....ft=106&xTop=26

The health insurance system that is in place at present was not created out of the market and does not respond to market forces. Instead, the health insurance industry is the market. They do not look to their fellow firms to come to grips with competitive pricing. They instead decide what price will attain the greatest revenue. They search for the combination of the highest premium factored by the number of clients that will tolerate that premium, standard monopoly behavior. When it has come to the point that they can admit publicly to raising prices in response to losing clients, it is very late in the game.
Reply With Quote Quick reply to this message

 
Old 09-15-2009, 10:28 PM
 
Location: Here
10,833 posts, read 11,615,981 times
Reputation: 5929
Correct link.... Oregon Experiences Double Digit Health Insurance Rate Increases.
Reply With Quote Quick reply to this message
Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6. The time now is 08:11 PM.

© 2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top